Stock market today: Dow closes lower as spike in Treasury yields rattles stocks By Investing.com

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stock market today: Dow closes lower as spike in Treasury yields rattles stocks

Most Federal Reserve officials said"significant" upside risks to inflation keep further monetary policy tightening on the table for later this year, according to the minutes from the July 25-26 Federal Open Market Committee meeting published Wednesday.

The minutes also revealed a Fed U-turn on the outlook for the economy, with Fed staff no longer expecting a “mild” recession later this year. The hawkish overtones gave credence to bets for higher for longer rates, pushing Treasury yields to fresh October highs.Tech led the broader market to the downside as chip stocks took a breather from the recent melt-up amid pressure from Intel Corporation (NASDAQ:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow lower as Treasury yields rise after retail sales surprise By Investing.comStock Market Today: Dow lower as Treasury yields rise after retail sales surprise
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Dow ends higher as Nvidia leads tech rally on dip-buying fever By Investing.com*U.S. STOCKS END HIGHER, NASDAQ RALLIES 1% AS NVIDIA LEADS TECH RALLY ON DIP-BUYING FEVER $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »